Bahria Town Offers $ 2billion USD to avoid NAB reference
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pkuser2k12
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Max
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This is insane.
Syed1.
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Damn putting that in SBP's foreign exchange reserves will make yesterday's Google glitch become reality.
pkuser2k12
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PTI's government cleared land occupied by Bahria Mafia whose Land worth is 300 billion rupees as told by Interior minister for state Sheryar Afridi
Kesay daku thay PMLN aur PPP walay jo ye sab karwatay rahay
pkuser2k12
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Cheif justice Saqib Nisar said to Bahria's lawyer that in order to regularize Bahria Karachi Malik Riaz has to pay 500 Billion rupees Only to regularize Bahria Karachi BUT all criminal and other cases will continue to proceed against Malik Riaz/Bahria .Source Supreme Court Reporter Siddique Jan
Verve
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Typical Dawn ... fabricated this.
200bn is the price offered for the Bahria lands illegally taken in 3 areas including Karachi.
NAB reference is completely different and has nothing to do with revaluation of land price.
jupiter2007
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lol 3 billon is nothing.....
Unofficially Faryal Talpur is willing to pay back 8 billon dollars for NRO.
10 billon dollars from Shahbaz Sharif
15 billon dollars from Nawaz Sharif
15 billon dollars from Malik Riaz
20 billon dollars from Zardari & Faryal
10 billon from Omni group
100 million dollars each from Rafiq brothers (Saad and Salman), Murad Shah, Qaim Ali shah and khursheed shah.
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AZADPAKISTAN2009
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excessive
They do have to disclose land involved and price per plot which was used for calculation
They are trying to avoid , reference as that will pretty much destroy their future business
Reference = Death Sentence for Bahria Town brand name
There should be disclosure on figures for corruption numbers and then fine separately
They do have to disclose land involved and price per plot which was used for calculation
They are trying to avoid , reference as that will pretty much destroy their future business
Reference = Death Sentence for Bahria Town brand name
There should be disclosure on figures for corruption numbers and then fine separately
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RIP Pak LAW
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Bahria Town now offers money equivalent to $ 3 billion
SC terms Bahria Town's offer to pay Rs358b for Karachi land regularisation 'unsatisfactory'
The Supreme Court on Tuesday said that Bahria Town's offer to pay Rs358 billion for the legalisation of the housing society's Karachi projects is 'unsatisfactory'.
A three-judge implementation bench, headed by Justice Sheikh Azmat Saeed, issued the remark while hearing the case pertaining to the implementation of the May 4, 2018 Supreme Court verdict against the Bahria Town Karachi project.
The implementation bench had been formed after the court had discarded review petitions filed against its May 4,2018 judgement.
In the May 4 judgement, the court had declared that the grant of land to the Malir Development Authority (MDA) and its subsequent swap with land owned by Bahria Town was illegal and void. It had also directed NAB to continue its probe into the business practices employed by the developer.
Today, while terming the housing society's settlement offer to regularise the land it is currently in possession of 'unsatisfactory', the bench asked Bahria Town to reconsider.
"In 2014, the court had set Rs225bn as the amount to be paid in order to legalise 7,000 acres of land. If one marks that up by 40 per cent [to account for inflation, other factors], the number comes up to Rs315b," Justice Saeed noted.
"My client is ready to pay Rs315b in return for the legalisation of [all] 16,896 acres of land [that are disputed]. They cannot pay more than Rs350b," defence counsel Ali Zafar said in response.
But Justice Saeed dismissed this offer as ludicrous.
"Rs315b is the price [Bahria Town should pay] for just 7,068 acres of land," he noted, comparing Bahria Town's settlement offer for all 16,896 acres of land, to the amount the Supreme Court had fined it (Rs225bn) for possessing 7,000 acres in 2014.
"We're not haggling over tomatoes here," Justice Saeed fumed.
To this, the lawyer said his client was in a fix and was simply trying to find a way out of the matter. The defendant's lawyer then made a final offer of Rs358b.
However, the bench said it would hear the federal and Sindh governments as well as NAB on the matter before ruling on it in the next hearing.
During the proceedings, the court also expressed displeasure on the difference in land allocation maps presented to it by the Surveyor General of Pakistan (SGP), the National Accountability Bureau (NAB) and Bahria Town. The SGP was ordered to submit a report on the matter within two weeks.
The SGP told the court that Bahria Town is being untruthful about the matter of government land being used in its housing societies.
"Bahria Town's authorised dealer — Prism — is selling land in Karachi which is outside of the housing society's demarcation," the SGP said. Upon hearing this revelation, the court summoned the owner of Prism to court for the next hearing.
The deputy commissioner for Malir was also directed to regain control of all government land within two weeks, and then submit a report on the matter in court.
Addressing the deputy commissioner in court, Justice Saeed said, "This land was yours, you should have taken care of it. If you cannot protect government land, you should be ready to suffer NAB."
https://www.dawn.com/news/1459108/s...or-karachi-land-regularisation-unsatisfactory
From $ 2 billion offers its $ 3.0 billions now. Keep the momentum up SC, nothing short than $ 5 billions now
SC terms Bahria Town's offer to pay Rs358b for Karachi land regularisation 'unsatisfactory'
The Supreme Court on Tuesday said that Bahria Town's offer to pay Rs358 billion for the legalisation of the housing society's Karachi projects is 'unsatisfactory'.
A three-judge implementation bench, headed by Justice Sheikh Azmat Saeed, issued the remark while hearing the case pertaining to the implementation of the May 4, 2018 Supreme Court verdict against the Bahria Town Karachi project.
The implementation bench had been formed after the court had discarded review petitions filed against its May 4,2018 judgement.
In the May 4 judgement, the court had declared that the grant of land to the Malir Development Authority (MDA) and its subsequent swap with land owned by Bahria Town was illegal and void. It had also directed NAB to continue its probe into the business practices employed by the developer.
Today, while terming the housing society's settlement offer to regularise the land it is currently in possession of 'unsatisfactory', the bench asked Bahria Town to reconsider.
"In 2014, the court had set Rs225bn as the amount to be paid in order to legalise 7,000 acres of land. If one marks that up by 40 per cent [to account for inflation, other factors], the number comes up to Rs315b," Justice Saeed noted.
"My client is ready to pay Rs315b in return for the legalisation of [all] 16,896 acres of land [that are disputed]. They cannot pay more than Rs350b," defence counsel Ali Zafar said in response.
But Justice Saeed dismissed this offer as ludicrous.
"Rs315b is the price [Bahria Town should pay] for just 7,068 acres of land," he noted, comparing Bahria Town's settlement offer for all 16,896 acres of land, to the amount the Supreme Court had fined it (Rs225bn) for possessing 7,000 acres in 2014.
"We're not haggling over tomatoes here," Justice Saeed fumed.
To this, the lawyer said his client was in a fix and was simply trying to find a way out of the matter. The defendant's lawyer then made a final offer of Rs358b.
However, the bench said it would hear the federal and Sindh governments as well as NAB on the matter before ruling on it in the next hearing.
During the proceedings, the court also expressed displeasure on the difference in land allocation maps presented to it by the Surveyor General of Pakistan (SGP), the National Accountability Bureau (NAB) and Bahria Town. The SGP was ordered to submit a report on the matter within two weeks.
The SGP told the court that Bahria Town is being untruthful about the matter of government land being used in its housing societies.
"Bahria Town's authorised dealer — Prism — is selling land in Karachi which is outside of the housing society's demarcation," the SGP said. Upon hearing this revelation, the court summoned the owner of Prism to court for the next hearing.
The deputy commissioner for Malir was also directed to regain control of all government land within two weeks, and then submit a report on the matter in court.
Addressing the deputy commissioner in court, Justice Saeed said, "This land was yours, you should have taken care of it. If you cannot protect government land, you should be ready to suffer NAB."
https://www.dawn.com/news/1459108/s...or-karachi-land-regularisation-unsatisfactory
From $ 2 billion offers its $ 3.0 billions now. Keep the momentum up SC, nothing short than $ 5 billions now
Maxpane
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oh Allah Almighty plz mercy . how much money he has looted ?Bahria Town now offers money equivalent to $ 3 billion
SC terms Bahria Town's offer to pay Rs358b for Karachi land regularisation 'unsatisfactory'
The Supreme Court on Tuesday said that Bahria Town's offer to pay Rs358 billion for the legalisation of the housing society's Karachi projects is 'unsatisfactory'.
A three-judge implementation bench, headed by Justice Sheikh Azmat Saeed, issued the remark while hearing the case pertaining to the implementation of the May 4, 2018 Supreme Court verdict against the Bahria Town Karachi project.
The implementation bench had been formed after the court had discarded review petitions filed against its May 4,2018 judgement.
In the May 4 judgement, the court had declared that the grant of land to the Malir Development Authority (MDA) and its subsequent swap with land owned by Bahria Town was illegal and void. It had also directed NAB to continue its probe into the business practices employed by the developer.
Today, while terming the housing society's settlement offer to regularise the land it is currently in possession of 'unsatisfactory', the bench asked Bahria Town to reconsider.
"In 2014, the court had set Rs225bn as the amount to be paid in order to legalise 7,000 acres of land. If one marks that up by 40 per cent [to account for inflation, other factors], the number comes up to Rs315b," Justice Saeed noted.
"My client is ready to pay Rs315b in return for the legalisation of [all] 16,896 acres of land [that are disputed]. They cannot pay more than Rs350b," defence counsel Ali Zafar said in response.
But Justice Saeed dismissed this offer as ludicrous.
"Rs315b is the price [Bahria Town should pay] for just 7,068 acres of land," he noted, comparing Bahria Town's settlement offer for all 16,896 acres of land, to the amount the Supreme Court had fined it (Rs225bn) for possessing 7,000 acres in 2014.
"We're not haggling over tomatoes here," Justice Saeed fumed.
To this, the lawyer said his client was in a fix and was simply trying to find a way out of the matter. The defendant's lawyer then made a final offer of Rs358b.
However, the bench said it would hear the federal and Sindh governments as well as NAB on the matter before ruling on it in the next hearing.
During the proceedings, the court also expressed displeasure on the difference in land allocation maps presented to it by the Surveyor General of Pakistan (SGP), the National Accountability Bureau (NAB) and Bahria Town. The SGP was ordered to submit a report on the matter within two weeks.
The SGP told the court that Bahria Town is being untruthful about the matter of government land being used in its housing societies.
"Bahria Town's authorised dealer — Prism — is selling land in Karachi which is outside of the housing society's demarcation," the SGP said. Upon hearing this revelation, the court summoned the owner of Prism to court for the next hearing.
The deputy commissioner for Malir was also directed to regain control of all government land within two weeks, and then submit a report on the matter in court.
Addressing the deputy commissioner in court, Justice Saeed said, "This land was yours, you should have taken care of it. If you cannot protect government land, you should be ready to suffer NAB."
https://www.dawn.com/news/1459108/s...or-karachi-land-regularisation-unsatisfactory
From $ 2 billion offers its $ 3.0 billions now. Keep the momentum up SC, nothing short than $ 5 billions now
RoadRunner401
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I will kindly request when members posting Abbreviation like, JTI, TTI, AAB or whatever you should know not all of us are familiar with those home made terms, so please, if you are going to use it make sure in brackets right down what it means.
This is an international forum, if you are going to respond try using the English language, so, the rest of the people can also understand, Likhay Moosa, Parhay Khuda....
This is an international forum, if you are going to respond try using the English language, so, the rest of the people can also understand, Likhay Moosa, Parhay Khuda....
HRK
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Bahria Town now offers money equivalent to $ 3 billion
SC terms Bahria Town's offer to pay Rs358b for Karachi land regularisation 'unsatisfactory'
The Supreme Court on Tuesday said that Bahria Town's offer to pay Rs358 billion for the legalisation of the housing society's Karachi projects is 'unsatisfactory'.
A three-judge implementation bench, headed by Justice Sheikh Azmat Saeed, issued the remark while hearing the case pertaining to the implementation of the May 4, 2018 Supreme Court verdict against the Bahria Town Karachi project.
The implementation bench had been formed after the court had discarded review petitions filed against its May 4,2018 judgement.
In the May 4 judgement, the court had declared that the grant of land to the Malir Development Authority (MDA) and its subsequent swap with land owned by Bahria Town was illegal and void. It had also directed NAB to continue its probe into the business practices employed by the developer.
Today, while terming the housing society's settlement offer to regularise the land it is currently in possession of 'unsatisfactory', the bench asked Bahria Town to reconsider.
"In 2014, the court had set Rs225bn as the amount to be paid in order to legalise 7,000 acres of land. If one marks that up by 40 per cent [to account for inflation, other factors], the number comes up to Rs315b," Justice Saeed noted.
"My client is ready to pay Rs315b in return for the legalisation of [all] 16,896 acres of land [that are disputed]. They cannot pay more than Rs350b," defence counsel Ali Zafar said in response.
But Justice Saeed dismissed this offer as ludicrous.
"Rs315b is the price [Bahria Town should pay] for just 7,068 acres of land," he noted, comparing Bahria Town's settlement offer for all 16,896 acres of land, to the amount the Supreme Court had fined it (Rs225bn) for possessing 7,000 acres in 2014.
"We're not haggling over tomatoes here," Justice Saeed fumed.
To this, the lawyer said his client was in a fix and was simply trying to find a way out of the matter. The defendant's lawyer then made a final offer of Rs358b.
However, the bench said it would hear the federal and Sindh governments as well as NAB on the matter before ruling on it in the next hearing.
During the proceedings, the court also expressed displeasure on the difference in land allocation maps presented to it by the Surveyor General of Pakistan (SGP), the National Accountability Bureau (NAB) and Bahria Town. The SGP was ordered to submit a report on the matter within two weeks.
The SGP told the court that Bahria Town is being untruthful about the matter of government land being used in its housing societies.
"Bahria Town's authorised dealer — Prism — is selling land in Karachi which is outside of the housing society's demarcation," the SGP said. Upon hearing this revelation, the court summoned the owner of Prism to court for the next hearing.
The deputy commissioner for Malir was also directed to regain control of all government land within two weeks, and then submit a report on the matter in court.
Addressing the deputy commissioner in court, Justice Saeed said, "This land was yours, you should have taken care of it. If you cannot protect government land, you should be ready to suffer NAB."
https://www.dawn.com/news/1459108/s...or-karachi-land-regularisation-unsatisfactory
From $ 2 billion offers its $ 3.0 billions now. Keep the momentum up SC, nothing short than $ 5 billions now
keep in mind all of this is related to only one project of Bharia town in Karachi, their project in Muree and Islamabad are separate
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